Spear's Salon

Strong Opinion from our Stable of Star Turns

Kenny Schachter

Kenny Schachter has an art advisory role at Generation Three Family Partners. He has curated contemporary art exhibitions for over twenty years and taught graduate-level art history at NYU's New School for Social Research. He has lectured internationally, been the recipient of a Rockefeller grant, contributed to art books published by Springer and MIT Press, and secured permission to erect Zaha Hadid's first building in the UK on London's Hoxton Square. He deals in Impressionist, Modern and Contemporary art and design, and has exhibited his own artworks internationally. 

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Q

In this new anti-tax-avoidance era, when so many tax reliefs have been withdrawn, I've heard that investing in a Business Property Renovation Allowance scheme is one of the few remaining good opportunities for maxing your tax position. Is it true that you can get up to 100 per cent tax relief on the amount invested? And what exactly are these schemes? How do they work? What are the upsides? Downsides?

A

In this climate, it is a relief to see one potentially attractive tax allowance come through unscathed from recent criticism

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